ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRnext payment +$1.06 per $10,000 · paid last 24h +0.041%

Price spread now: Orderly against Phemex+0.095%7-day average +0.083% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$28 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.095%, 7d avg +0.083%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ETHUSDT	2,771.1	0.0030	pay 0.0030% / 8h	2h 03m	$266.9M	$66.0M	150x
Short	Orderly PERP_ETH_USDC	2,773.8	0.0136	get 0.0136% / 8h	2h 03m	$32.5M	$12.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: $22.26
Price spread: +0.095% → +0.083%: $1.15
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.41
Costs to cover: 0.180%
Break-even: 5.3 days

Slippage unknown: Phemex: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	0.02 bp	8.2 bp −$8	9.4 bp −$94	12.3 bp −$1,226	15.9 bp −$7,972
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0112%	43m	2,771.1	−0.001%	$289K	$6.9M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,776.2	+0.183%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,771.3	+0.006%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0048%	1h	2,770.2	−0.033%	$171K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,770.9	−0.008%	$884K	$3.7M	25x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,771.1	0.000%	$5.7M	$12.1M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,771.8	+0.024%	$12.7M	$45.5M	50x	as long as short
Aftermath Perps ETHUSD	+0.0004%	1h	2,771.9	+0.028%	$29K	$22K	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,771.7	+0.020%	$22.4M	—	200x	as long as short
BingX ETH-USDC	+0.0018%	8h	2,770.9	−0.009%	—	$17.3M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0022%	8h	2,771.2	+0.003%	$1.71B	$11.89B	100x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,771.6	+0.016%	$13.2M	—	200x	as long as short
Phemex ETHUSDTlong	+0.0030%	8h	2,771.1	long leg	$266.9M	$66.0M	150x
Aster ETHUSDT	+0.0032%	8h	2,771.3	+0.005%	$256.3M	$995.5M	200x	as long as short
ApeX Omni ETHUSDT	+0.0032%	1h	2,769.3	−0.067%	$8.7M	$32.6M	100x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,768.8	−0.085%	$5.0M	$636K	20x	as long as short
MEXC ETH_USDT	+0.0051%	8h	2,771	−0.004%	$1.59B	$2.69B	500x	as long as short
Binance ETHUSDT	+0.0052%	8h	2,771.7	+0.022%	$6.44B	$17.23B	150x	as long as short
Bullet ETH-USD	+0.0073%	1h	2,770.8	−0.012%	$182K	$1.8M	20x	as long as short
Bitget ETHUSDT	+0.0074%	8h	2,771.5	+0.014%	$2.10B	$3.13B	150x	as long as short
Gate ETH_USDT	+0.0077%	8h	2,770.9	−0.008%	$3.28B	$9.70B	200x	as long as short
Lighter ETH	+0.0096%	1h	2,771.5	+0.015%	$114.7M	$515.8M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,772.9	+0.063%	$25.4M	$123.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770.5	−0.022%	—	$41.8M	500x	as long as short
HTX ETH-USDT	+0.0097%	8h	2,770.3	−0.030%	$1.08B	$1.32B	200x	as long as short
Variational Omni ETH	+0.0098%	8h	2,768.9	−0.079%	$141.0M	$320.9M	—	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,770.7	−0.014%	$15.9M	$10.8M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,771	−0.004%	$485K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,770.4	−0.024%	$14.4M	$118.8M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,772.9	+0.064%	$3.19B	$2.40B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,771.3	+0.006%	$31.2M	$291.4M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,771.5	+0.013%	$2.51B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,770.3	−0.030%	$2.9M	$16.6M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,772.8	+0.062%	$2.8M	$17.4M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,770.6	−0.020%	$164.9M	$252.7M	25x	as long as short
KuCoin ETHUSDTM	+0.0100%	8h	2,770.8	−0.013%	$422.1M	$742.1M	100x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,771.5	+0.014%	$15.4M	$42.9M	50x	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,769.2	−0.071%	$179.4M	$782.8M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,769.7	−0.053%	$161.1M	$96.6M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,770.4	−0.026%	$21.4M	$57.9M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,771.2	+0.002%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,772.4	+0.046%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,771.1	0.000%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,773.2	+0.077%	$42.7M	$29.4M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,770.2	−0.034%	$971K	$14.1M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,770.9	−0.008%	$55.2M	$228.6M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,771	−0.006%	$31.4M	$75.4M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,772.4	+0.047%	$59.9M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0108%	8h	2,771.8	+0.025%	$8.5M	$673.9M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0132%	1h	2,772.8	+0.059%	$258.5M	$225.1M	50x	as long as short
Orderly PERP_ETH_USDCshort	+0.0136%	8h	2,773.8	+0.095%	$32.5M	$12.0M	100x
BloFin ETH-USDT	+0.0172%	8h	2,771	−0.005%	$286.1M	$195.7M	150x	as long as short
Reya ETHRUSDPERP	+0.0186%	1h	2,770.9	−0.009%	$7.3M	$1.1M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0240%	1h	2,772.2	+0.040%	$86.1M	$331.7M	100x	as long as short
Hibachi ETH/USDT-P	+0.0472%	1h	2,771.5	+0.015%	$285K	$1.5M	20x	as long as short